Turnover as per section 44 ab
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 September 2018
My client is a distributors of idea agency. He is selling recharges, sim cards and recharge coupons. For the purpose tax audit, what will be considered as a turnover? Whether income received from sale of recharge coupons shall be considered as a turnover or only commission income shall be condidered as a turnover?
CA R SEETHARAMAN
(Expert)
10 September 2018
Only commission income received will be considered as turnover.
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